Search Results

Is Bitcoin a Waste of Resources? - Review

Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain.

research.stlouisfed.org/publications/review/2018/02/13/is-bitcoin-a-waste-of-resources

Bitcoin: Money or Financial Investment? - Page One Economics®

Bitcoin has become a cultural and financial phenomenon. While many people have heard of Bitcoin, far fewer understand it. In short, Bitcoin is a digital currency, or "cryptocurrency," that allows person-to-person transactions independent of the banking system.

research.stlouisfed.org/.../page1-econ/2018/03/01/bitcoin-money-or-financial-investment/

Whither the Price of Bitcoin? - Economic Synopses

The total value of Bitcoin has declined as a share of all cryptocurrencies.

research.stlouisfed.org/.../economic-synopses/2019/01/11/whither-the-price-of-bitcoin/

Where Does Bitcoin Fit In the Economy? - Cryptocurrencies and Fintech

Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Steven Williamson explains what Bitcoin is, the role it can play in the economy, and whether or not these digital currencies should be supplied by central banks.

research.stlouisfed.org/publications/review/2018/02/13/is-bitcoin-a-waste-of-resources

Bitcoin: Beyond the Basics - Cryptocurrencies and Fintech

In a recent St. Louis Fed podcast, Vice President of Research David Andolfatto talked blockchain, transparency, and the potential utility of government-sponsored cryptocurrencies.

research.stlouisfed.org/.../publications/cryptocurrencies-and-fintech//bitcoin-beyond-the-basics/

Bitcoin: An Overview - Cryptocurrencies and Fintech

Bitcoin has become a cultural and financial phenomenon, but what is it and is it a worthwhile investment? Senior Economic Education Specialist Scott Wolla provides an overview of Bitcoin and its possibilities.

research.stlouisfed.org/.../page1-econ/2018/03/01/bitcoin-money-or-financial-investment

Is Bitcoin a Good Long-Term Investment Prospect? - Cryptocurrencies and Fintech

The world of cryptocurrencies is expanding. How will more options affect their value? More competition could push down the purchasing power of all these currencies, even Bitcoin, despite its “first mover” advantage and well-established network of users. Read Economic Synopses for more about the crypto-landscape.

research.stlouisfed.org/.../publications/economic-synopses/2019/01/11/whither-the-price-of-bitcoin

Virtual Currency But a Real Ledger - Cryptocurrencies and Fintech

There are 1,600 digital currencies, and they all use a consensus-based accounting system called distributed ledger technology (DLT). Some ledgers are open to anyone, but others are limited to trusted participants. Find out more about DLT and its promising applications for financial services. 

www.stlouisfed.org/.../on-the-economy/2019/july/beyond-bitcoin-look-distributed-ledger-technology

FRED Adds Cryptocurrency Series - Cryptocurrencies and Fintech

Bitcoin, Bitcoin Cash, Ethereum, and Litecoin price data are now available on FRED.

research.stlouisfed.org/.../cryptocurrencies-and-fintech//fred-adds-cryptocurrency-series/

The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies - Review

We characterize various currencies according to their control structure, focusing on cryptocurrencies such as Bitcoin and government-issued fiat money. 

research.stlouisfed.org/.../

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